Top Banks 2024
Citibank New Delhi
Last Updated : Jan. 25, 2017, 5:58 p.m.
About Citibank
Citi began its operations in India over a century ago in 1902 in Kolkata and presently it is a significant name in the field of foreign investment in the Indian financial market. The bank has played a vital role in the banking sector of India and has helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Ltd. and Iflex Solutions Ltd. It pioneered the ITES industry in financial services through Citigroup Global Services Ltd. (CGSL). Oracle acquired Iflex in 2005 and CGSL was acquired by TCS in 2008.
Citi India, through its network of Citi Service Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing analytics, and financial processes. With its customer-friendly schemes, Citibank has won the heart of common as well as the high-class society of the society. The bank has recently launched the Instant loan on a card, instant insurances, express decision making for personal loans and Online document upload. Also, Citibank has successfully led the US $24 million Buy-back of Just Dial’s Equity Shares, by way of a Tender Offer through the stock exchange mechanism, at a price of INR 1550, a premium of 41.7% to the closing price prior to the Board approving the Buyback.
Citibank New Delhi Branch Addresses
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| New Delhi | Jeevan Bharti Building, 124, Connaught Circus, New Delhi-110001 | CITI0000002 | 110037002 | 022-40005706/022-40005922/022-28446390 /022-40015618 |
| Nehru Place Branch | Citibank NA Ground Floor, International Trade Tower, Hotel Park Royal Complex, Nehru Place, New Delhi- 10 019 | CITI0000029 | 110037002 | 022-40005706/022-40005922/022-28446390 /022-40015618 |
| Vasant Vihar | Citibank NA Plot No.33, Community Centre Vasant Vihar, New Delhi-110057 | CITI0000030 | 110037002 | 022-40005706/022-40005922/022-28446390 /022-40015618 |
| Punjabi Bagh Branch | Citibank NA 27, Central Market, Punjabi Bagh, New Delhi- 110026 | CITI0000031 | 110037002 | 022-40005706/022-40005922/022-28446390 /022-40015618 |
| South Extension Branch | Citibank NA D-11, South Extension Part-II, New Delhi-110049 | CITI0000032 | 110037002 | 022-40005706/022-40005922/022-28446390 /022-40015618 |
Products Offered by Citibank in New Delhi
In New Delhi, Citibank offers home loans, personal loans, business loans, commercial vehicle loans, fixed deposit, the loan against property to name a few. The bank has designed all these schemes by keeping in mind the demand of customers from all strata of the society.
Basic Details of Citibank Products in New Delhi
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | At least 23 years of age Minimum work experience of 2 years | Up to 10 Crores | 8.45% Onwards | Up to 0.40% of the loan amount | 25 years |
| Personal Loan | Salaried individuals Self-employed professional and business owners Existing Citibank customers with a Suvidha, Branch or a Mortgage relationship can avail of Citibank Personal Loan | Up to 30 lakhs | 10.49% Onwards | Up to 2.5% of the loan amount sanctioned | 5 years |
| Commercial Vehicle Loan | Up to 1 Crores | [citibank_cl_ir_sc][/citibank_cl_ir_sc] | Up to 3% of the loan amount | 4 years | |
| Business Loan | Up to 80% of the value of the collateral | Up to 2% of the loan amount sanctioned | 6 months | ||
| Loan Against Property | Individual of at least 23 years of age Salaried individual of maximum 60 years of age Self-employed individuals of maximum 65 years of age Salaried individuals with at least 3 years of working experience Self-employed individuals with at least 2 years of cash profit | Up to 5 Crores | 9.50% p.a. | Up to 0.75% of the loan amount | 15 years |
| Fixed Deposit | Valid identity proof Valid address proof A permanent address A telephone number | 15 lakhs and above | 2.00% - 4.25% | NA | 5 years and above |
Documents Required
| Home Loan | Signed application form with photograph ID and residence proof Approved Building Plan Last 3 months bank statements Last 3 months salary-slips Form 16 or Income Tax Returns | Signed application form with photograph ID and residence proof Approved Building Plan Last 3 months bank statements Last 2 years Income Tax Returns Last 2 years CA Certified Profit & Loss Account | NA |
|---|---|---|---|
| Personal Loan | Proof of Identity- Photograph is mandatory PAN Valid Driver’s License Valid Passport Voter’s ID card Valid Identity card Overseas Citizen of India Card Person of Indian Origin Card Job card issued by NREGA1 Letters issued by the Unique Identification Authority of India Proof of Residence- Valid Driving License Valid Passport Voter’s ID card Valid Identity card Utility Bill not more than 3 months old with name & address 3 Food Card (Ration Card) Letter from employer Lease Deed/ Rent agreement Copy/ Property Registration Document in the name of the Customer Last 3 months bank account statement, signed and stamped by existing banker Mutual Fund statements Overseas Citizen of India Card Person of Indian Origin Card Latest IT Return Original Letter from Company Proof of Age - Birth Certificate School Leaving certificate Passport Length of Employment / Continuity of Business- Letter from employer Old PaySlip/For m 16 HR check by designated CPA resource Proof of Income and Occupation- Latest one or 2 salary slip (not more than 3 months old) Latest Form 16 Last 3 months bank statement | Identity Proof- Photograph is mandatory PAN Valid Driver’s License Valid Passport Voter’s ID card Valid Identity card Overseas Citizen of India Card Person of Indian Origin Card Professional License With Photograph Trade License With Photograph Proof of Residence- Valid Driving License Valid Passport Voter’s ID card Valid Identity card Utility Bill not more than 3 months old with name & address 3 Food Card (Ration Card) Letter from employer Lease Deed/Rent agreement Copy/ Property Registration Document in the name of the Customer Last 3 months bank account statement, signed and stamped by existing banker Mutual Fund statements Overseas Citizen of India Card Person of Indian Origin Card Latest IT Return Proof of Age- Birth Certificate School Leaving certificate Passport Length of Employment / Continuity of Business- Lease Deed/Rent Receipts Ownership Document Utility Bills Tax Returns from the same city 3 year old bank statement Proof of Income and Occupation- IT Returns for last 2 years and supplementary documents Computation of Income Schedule P&L Account Balance Sheet Audit Report Above accounts to be certified by CA Last 6 months bank statement | Proof of Identity- Photograph is mandatory PAN Valid VISA Proof of Residence- A letter from employer/ Certificate from Embassy of the Country of Origin or any appropriate legal authority certifying the local address in India. Last 3 months bank account statement/ Passbook signed and stamped by existing banker. Rent agreement Certificate of Registration issued by the FRRO Proof of Age- Birth Certificate School Leaving certificate Passport Length of Employment / Continuity of Business- Letter from employer Old PaySlip/Form 16 HR check by designated CPA resource Proof of Income and Occupation- Latest one or 2 salary slip (not more than 3 months old) Latest Form 16 Last 3 months bank statement |
| Vehicle Loan | Proof of Identity- Photograph is mandatory PAN Valid Driver’s License Proof of Residence- Valid Driving License Valid Passport Voter’s ID card Proof of Age - Birth Certificate School Leaving certificate Passport | Identity Proof- Photograph is mandatory PAN Valid Driver’s License Proof of Residence- Valid Driving License Valid Passport Voter’s ID card Proof of Age- Birth Certificate School Leaving certificate Passport | NA |
| Business Loan | Proof of Identity- Photograph is mandatory PAN Proof of Residence- Valid Driving License Valid Passport Proof of Age - Birth Certificate School Leaving certificate Passport | Identity Proof- Photograph is mandatory PAN Proof of Residence- Valid Driving License Valid Passport Proof of Age- Birth Certificate School Leaving certificate Passport | NA |
| Loan Against Property | Filled loan application form 2 Passport size photos Last 2 years ITR Identity proof (Passport/Driving License/Voter ID/PAN Card) Residential address (Leave and License/Registered Rent Agreement/Utility bill up to 3 months/Passport) Last 6 months salary slip Last 2 years Form 16 Last 6 months bank statement showing salary credit | Filled loan application form 2 Passport size photos Last 2 years ITR Identity proof (Passport/Driving License/Voter ID/PAN Card) Residential address (Leave and License/Registered Rent Agreement/Utility bill up to 3 months/Passport) Business proof such as VAT/service tax registration Incorporation details in case of companies Business address proof Profit and loss account Balance sheet certified by CA Copy partnership in case of partnership business | NA |
| Fixed Deposit | Proof of Identity- Photograph is mandatory PAN Valid Driver’s License Valid Passport Voter’s ID card Valid Identity card Proof of Residence- Valid Driving License Valid Passport Proof of Age- Birth Certificate School Leaving certificate Passport Voters card with DOB | Identity Proof- Photograph is mandatory PAN Valid Driver’s License Valid Passport Voter’s ID card Valid Identity card Proof of Residence- Valid Driving License Valid Passport Proof of Age- Birth Certificate School Leaving certificate Passport Voters card with DOB | NA |